Bank Leumi, the largest commercial bank in Israel, has urged U.S. clients to disclose information about their accounts to U.S. authorities, who are investigating
Leumi and many other foreign banks over possible tax avoidance by Americans. Leumi and two other Israeli banks, Bank
Hapoalim POLIO.UL and Mizrahi-Tefahot,
are under investigation by the U.S. Justice Department in connection with
offshore private banking services that may have enabled wealthy Americans to
evade taxes.